Ascent Group LLC Has $1.13 Million Stock Holdings in Emerson Electric Co. $EMR

Ascent Group LLC increased its position in shares of Emerson Electric Co. (NYSE:EMR) by 10.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,265 shares of the industrial products company’s stock after acquiring an additional 948 shares during the quarter. Ascent Group LLC’s holdings in Emerson Electric were worth $1,125,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Orion Capital Management LLC bought a new stake in shares of Emerson Electric during the fourth quarter worth approximately $25,000. Vega Investment Solutions bought a new position in shares of Emerson Electric in the 4th quarter worth $27,000. Saudi Central Bank acquired a new stake in shares of Emerson Electric during the first quarter worth $25,000. Ameriflex Group Inc. acquired a new stake in shares of Emerson Electric during the fourth quarter worth $30,000. Finally, MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Emerson Electric during the first quarter worth $27,000. 74.30% of the stock is owned by institutional investors.

Analysts Set New Price Targets

EMR has been the subject of several analyst reports. Barclays upgraded Emerson Electric from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $125.00 to $127.00 in a research report on Thursday, August 7th. JPMorgan Chase & Co. boosted their target price on Emerson Electric from $113.00 to $133.00 and gave the stock a “neutral” rating in a research report on Friday, May 16th. KeyCorp boosted their target price on Emerson Electric from $150.00 to $155.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 1st. Bank of America boosted their target price on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, July 2nd. Finally, Stephens raised their price objective on Emerson Electric from $130.00 to $145.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 16th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $142.39.

Emerson Electric Stock Down 0.4%

Shares of EMR stock opened at $132.14 on Wednesday. The firm has a fifty day moving average of $137.50 and a 200-day moving average of $122.52. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $150.27. The company has a market capitalization of $74.37 billion, a price-to-earnings ratio of 28.42, a P/E/G ratio of 2.59 and a beta of 1.30.

Emerson Electric (NYSE:EMR) last announced its earnings results on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.51 by $0.01. The firm had revenue of $4.55 billion during the quarter, compared to analyst estimates of $4.60 billion. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.43 EPS. As a group, equities research analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be paid a $0.5275 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $2.11 dividend on an annualized basis and a yield of 1.6%. Emerson Electric’s dividend payout ratio is presently 45.38%.

Emerson Electric Profile

Emerson Electric Co, a technology and software company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. It operates in six segments: Final Control, Control Systems & Software, Measurement & Analytical, AspenTech, Discrete Automation, and Safety & Productivity.